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A number of recent studies have illustrated the link between health and growth (Gallup and Sachs 2000, McCarthy et al. 2000, Bhargava et al. 2000). This paper argues that a key mechanism through which health affects growth is via total factor productivity (TFP). We first estimate TFP based on a...
Persistent link: https://www.econbiz.de/10005413011
reservation wage on unemployment duration. According to estimations there is no statistically significant effect of unemployment … unemployment benefit or social assistance increases the duration of the unemployment period, which indicates the lower offer …
Persistent link: https://www.econbiz.de/10005125743
This paper uses U.S. micro level data on employment durations to quantify the effect of potential Unemployment …
Persistent link: https://www.econbiz.de/10005125772
In this paper we study the implications of the unemployment insurance (UI) financing system on wage levels and … approach of wage and employment determination and assume that unemployment benefits are financed by employees’ UI contributions …
Persistent link: https://www.econbiz.de/10005126130
I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a … during unemployment due to depreciation of skills and increases on the job because of learning by doing. Any insurance … contract, periods of unemployment are characterised by declining benefits. Agents are further punished for long unemployment by …
Persistent link: https://www.econbiz.de/10005408328
If distortions in the labour market lead to inefficiently high unemployment, and policy makers cannot enter into a … may exist in public unemployment insurance policy. I study a model in which trade unions, who set wages, interact with a … policy maker, who decides on the level of unemployment benefits and taxes. The policy maker is assumed to have the same …
Persistent link: https://www.econbiz.de/10005412499
This paper analyses a model of private unemployment insurance under limited commitment and a model of public … unemployment insurance subject to moral hazard in an economy with a continuum of agents and an infinite time horizon. The dynamic … and steady-state properties of the private unemployment insurance scheme are established. The interaction between the …
Persistent link: https://www.econbiz.de/10005556941
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of …. Following the loss of a job and during unemployment, an agent’s productivity declines. Using micro data, I estimate the … estimated model is used to perform policy simulations that highlight the relationship between the unemployment insurance scheme …
Persistent link: https://www.econbiz.de/10005119102
The economic cost of the U.S. health care system goes beyond the cost of prescription drugs, doctor office visits and surgical procedures/ medical image tests. The implicit part of the cost includes the global competitiveness that the U.S. loses being an industrialized economy. The high health...
Persistent link: https://www.econbiz.de/10005407582
In this paper, I examine the impact of employer-provided health benefits on job turnover. Because many employer-provided plans extend coverage to a worker's entire family, the value of an employer's employment offer to a worker depends on whether the worker's spouse provides the family with...
Persistent link: https://www.econbiz.de/10005556849